Hidden Cove 3240 N Geronimo Ave Immeuble residentiel 15 lots 995 095 € (66 340 €/Lot) Taux de capitalisation 7,40 % Tucson, AZ 85705

Hidden Cove is a 15-unit multifamily property situated in Tucson’s North Central area, offering a compelling value-add opportunity for investors looking to observe long-term rent growth. The property features a desirable unit mix of (2) studios, (4) 1BD/1BAs, (6) 2BD/1BAs, & (3) large single-family homes—creating multiple paths for repositioning and operational enhancement.
The asset sits on two well-sized parcel with ample parking, storage sheds, & open space to add amenities. The units are currently rented for well below-market rates so with improvements, investors will have huge opportunities for growth. All units are individually metered for electric and gas, with water/sewer/trash paid for by the owner. This presents an opportunity for ownership to implement a utility reimbursement system (RUBS) that shifts monthly usage costs back to tenants—reducing operating expenses and improving net cash flow. Select units also include private backyards, in-unit washer/dryer hookups, and storage closets. Covered parking is available for 8 of the 15 multifamily units, adding to tenant convenience and appeal.
Hidden Cove includes a large filled-in pool area with potential for creative reuse or community amenities, as well as on-site storage sheds that can generate additional income or serve as operational support. The physical layout of the property offers flexibility for interior and exterior upgrades, which can further enhance both rental income and long-term value. One of the most compelling aspects of Hidden Cove is the potential opportunity to acquire an additional parcel, owned by same ownership, in the future located directly next door. This opens the door for a strategic assemblage, increasing the investor's footprint and maximizing scale in a well-positioned infill location.
Positioned within close proximity to the University of Arizona, central access routes, and employment hubs, Hidden Cove benefits from steady tenant demand and a strong surrounding renter base. With targeted renovations and active management, investors can drive substantial rent increases, elevate the property’s net operating income, and secure a long-term position in one of Tucson’s most resilient submarkets.